Business & economy news - KLTV.com-Tyler, Longview, Jacksonville, Texas

- Birthday Club

Business News

HeadlinesMore>>
China's Li seeks stronger economic ties with India
China's Li seeks stronger economic ties with India
China's new premier says he chose India as the site of his first foreign visit because cooperation between the world's two most populous nations is crucial to world stability and economic growth.More >>
China's premier has told Indian business leaders that the two Asian giants need to establish stronger economic ties.More >>
Senate to debate crop insurance in farm bill
Senate to debate crop insurance in farm bill
The Senate is debating cuts to the federally subsidized crop insurance program as it considers a massive farm bill this week.More >>
The Senate is debating cuts to the federally subsidized crop insurance program as it considers a massive farm bill this week.More >>
Committee nears final big immigration decisions
Committee nears final big immigration decisions
The Senate Judiciary Committee hopes to nail down an elusive compromise on high-tech visas and may punt a controversy over gay marriage to the full Senate as it makes final drafting decisions on immigration...More >>
The Senate Judiciary Committee hopes to nail down an elusive compromise on high-tech visas and may punt a controversy over gay marriage to the full Senate as it makes final drafting decisions on immigration legislation that...More >>
Should we let wunderkinds drop out of high school?
Should we let wunderkinds drop out of high school?
Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser...More >>
Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications...More >>
Oil price rises to near $97 per barrel
Oil price rises to near $97 per barrel
The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. economy.More >>
The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. economy.More >>
Asia stocks fall ahead of Fed statements
Asia stocks fall ahead of Fed statements
Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.More >>
Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.More >>
Chinese fishing boat, crew released by North Korea
Chinese fishing boat, crew released by North Korea
China is urging North Korea to release a Chinese fishing boat whose owner says it was seized by gun-toting North Koreans earlier this month and held for ransom, in the latest irritant in relations between the...More >>
A Chinese boat and 16 fishermen seized for ransom by armed North Koreans two weeks ago were released Tuesday, easing the latest irritant in relations between the neighboring allies.More >>
Average credit card debt, late payments fall in 1Q
Average credit card debt, late payments fall in 1Q
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.More >>
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.More >>
Asia stocks muted ahead of Fed meeting
Asia stocks muted ahead of Fed meeting
Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday.More >>
Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.More >>
Lew taps government retiree pension fund
Lew taps government retiree pension fund
Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national...More >>
Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.More >>
Judge tosses ex-BP executive's obstruction charge
Judge tosses ex-BP executive's obstruction charge
A federal judge on Monday dismissed one of the two counts in the indictment of a former BP executive who was charged with concealing information from Congress about the amount of oil that was leaking from the...More >>
A federal judge has dismissed a charge that is the backbone of the case against a former BP executive accused of concealing information from Congress about the amount of oil spewing in 2010 from the company's blown-out...More >>
Yahoo looks to regain its cool with Tumblr deal
Yahoo looks to regain its cool with Tumblr deal
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.More >>
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr...More >>
Obama vows US support as Myanmar leader visits
Obama vows US support as Myanmar leader visits
Former general Thein Sein on Monday becomes the first Myanmar president to be welcomed to the White House in almost 47 years, crowning a dramatic diplomatic rehabilitation for his nation after years of...More >>
President Barack Obama on Monday told Myanmar's president during a long-awaited White House meeting that he appreciates the Asian leader's efforts to lead the country on its sometimes difficult path to democracy and...More >>
Panel: Apple uses firms outside US to avoid taxes
Panel: Apple uses firms outside US to avoid taxes
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.More >>
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.More >>
Should we let wunderkinds drop out of high school?
Should we let wunderkinds drop out of high school?
It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college.More >>
It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college.More >>
Lease to Broadway's biggest theater sold
Lease to Broadway's biggest theater sold
Britain's biggest theater groups has reached across the Atlantic Ocean and bought Broadway's biggest theater from Live Nation Entertainment for about $60 million.More >>
Britain's biggest theater group has reached across the Atlantic Ocean and bought the lease to Broadway's largest theater from Live Nation Entertainment for about $60 million.More >>
Warren Buffett gives young entrepreneurs 10 shares
Warren Buffett gives young entrepreneurs 10 shares
Billionaire Warren Buffett is spending his day listening to business pitches from a select group of kids, but the ideas aren't likely to generate new acquisitions for Buffett's Berkshire Hathaway conglomerate.More >>
Meeting Warren Buffett was exciting, but 10-year-old Matthew Meyer said winning $5,000 and 10 shares of stock in Buffett's company made Monday the best day of his life.More >>
Actavis buying Warner Chilcott in $8.5B deal
Actavis buying Warner Chilcott in $8.5B deal
Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S.More >>
Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.More >>
Senators require fingerprinting at 30 airports
Senators require fingerprinting at 30 airports
The Senate Judiciary Committee is aiming this week to pass a landmark immigration bill to secure the border and offer citizenship to millions, setting up a high-stakes debate on the Senate floor.More >>
Senate supporters of far-reaching immigration legislation accepted minor changes in public while negotiating over more sweeping alterations in private Monday as they drove toward expected Judiciary Committee approval by...More >>
White House says more farm subsidy cuts needed
White House says more farm subsidy cuts needed
The White House says it would like to see more cuts to agriculture subsidies in a massive farm bill moving through the Senate this week.More >>
The Obama administration said Monday it wants to see more cuts to agriculture subsidies in a massive farm bill moving through the Senate this week.More >>
Small company stock are a bright spot
Small company stock are a bright spot
Stocks were mixed in early trading on Wall Street after investors pushed indexes to record levels Friday.More >>
Small-company stocks were a bright spot in a subdued start to the week for Wall Street.More >>
Panel: Apple uses firms outside US to avoid taxes
Panel: Apple uses firms outside US to avoid taxes
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.More >>
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.More >>
United restarts 787 flights after grounding
United restarts 787 flights after grounding
By JOSHUA FREED AP Airlines Writer United Airlines is getting its 787s back in the air.More >>
By JOSHUA FREED AP Airlines Writer United Airlines put its 787 back in the air on Monday, with both the airline and Boeing hoping to put the plane's four-month grounding behind them.More >>
Alaska unveils plan to assess gas, oil in ANWR
Alaska unveils plan to assess gas, oil in ANWR
Alaska has unveiled a plan to determine the Arctic National Wildlife Refuge's oil and gas potential, as the state looks to reinvigorate the debate over whether to drill on the refuge's coastal plain.More >>
The state of Alaska on Monday proposed a multiyear, multimillion-dollar plan aimed at determining the true oil and gas potential in the Arctic National Wildlife Refuge.More >>
Oil rises on falling dollar; gasoline at $3.65
Oil rises on falling dollar; gasoline at $3.65
The price of oil rose Monday, taking its cue from the stock market and the dollar.More >>
The price of oil rose Monday, taking its cue from the stock market and the dollar.More >>
Small company stocks take the limelight
Small company stocks take the limelight
Small companies are taking the limelight on a choppy start to the week.More >>
Small companies are taking the limelight on a choppy start to the week.More >>
Special K churns out products in brand evolution
Special K churns out products in brand evolution
Special K was once just a line of cereals. Today, it's a diet food empire.More >>
Special K was once just a line of cereals. Today, it's a diet food empire.More >>
Ryanair keeps growing, reports record profits
Ryanair keeps growing, reports record profits
Ryanair has reported record profits as Europe's largest budget airline expands across the continent.More >>
Ryanair reported record profits Monday as Europe's largest budget airline expanded its route network across the continent and into North Africa.More >>
Los Angeles jeweler pleads guilty in KPMG case
Los Angeles jeweler pleads guilty in KPMG case
The owner of a jewelry store has pleaded guilty in Los Angeles for his role in an insider-trading case involving a former senior partner at accounting firm KPMG.More >>
The owner of a Los Angeles jewelry store pleaded guilty Monday for his role in an insider-trading case involving a former senior partner at accounting firm KPMG.More >>
Ex-Saab executives arrested on accounting charges
Ex-Saab executives arrested on accounting charges
A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges.More >>
A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges.More >>
Military sex abuse has long-term impact for vets
Military sex abuse has long-term impact for vets
New government figures underscore the staggering long-term consequences of military sexual assaults: More than 85,000 veterans were treated last year for injuries or illness linked to the abuse, and 4,000 sought...More >>
New government figures underscore the staggering long-term consequences of military sexual assaults: More than 85,000 veterans were treated last year for injuries or illness linked to the abuse, and 4,000 sought disability...More >>
Small-company stocks lead the market higher
Small-company stocks lead the market higher
The stock market is edging higher in midday trading, led by small-company shares.More >>
The stock market is edging higher in midday trading, led by small-company shares.More >>
Militiamen attack gas complex in western Libya
Militiamen attack gas complex in western Libya
A Libyan gas company official says militiamen have attacked a natural gas complex in the country's west, injuring two guards and stealing weapons and military vehicles.More >>
A Libyan gas company official says militiamen have attacked a natural gas complex in the country's west, injuring two guards and stealing weapons and military vehicles.More >>
Seamless and GrubHub to combine, no terms revealed
Seamless and GrubHub to combine, no terms revealed
Seamless North America and GrubHub on Monday announced plans to combine and create an online food ordering service covering more than 20,000 restaurants in 500 cities across the U.S.More >>
Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S.More >>
High court uphold FCC power in cell tower disputes
High court uphold FCC power in cell tower disputes
The Supreme Court has affirmed the authority of federal regulators to try to speed local government decisions on proposals to build or expand cell phone towers.More >>
The Supreme Court has affirmed the authority of federal regulators to try to speed local government decisions on proposals to build or expand cell phone towers.More >>
Stocks open slightly lower on Wall Street
Stocks open slightly lower on Wall Street
Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains.More >>
Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains.More >>
Chesapeake names Anadarko executive as new CEO
Chesapeake names Anadarko executive as new CEO
Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO.More >>
Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO.More >>
UAE construction giant faces rare labor strike
UAE construction giant faces rare labor strike
United Arab Emirates-based construction company Arabtec says it's working to resolve a rare strike by laborers seeking higher wages.More >>
United Arab Emirates-based construction company Arabtec says it's working to resolve a rare strike by laborers seeking higher wages.More >>
US futures subdued as investors take stock
US futures subdued as investors take stock
U.S. stock futures are relatively flat as investors take a breather and some analysts wonder how long the bull-market run can last.More >>
U.S. stock futures are relatively flat as investors take a breather and some analysts wonder how long the bull-market run can last.More >>
Oil price falls below $96 a barrel
Oil price falls below $96 a barrel
The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief.More >>
The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief.More >>
Economists predict increase in consumer spending
Economists predict increase in consumer spending
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.More >>
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.More >>
China sentences underground bank operator to death
China sentences underground bank operator to death
A businesswoman in southern China has been sentenced to death on charges of defrauding investors as the government tightens controls on informal financing that is widely used by entrepreneurs.More >>
A businesswoman in southern China has been sentenced to death on charges of defrauding investors as the government tightens controls on informal financing that is widely used by entrepreneurs.More >>
AP IMPACT: Military sex abuse victims seek VA help
AP IMPACT: Military sex abuse victims seek VA help
More than 85,000 veterans were treated last year for injuries or illness stemming from sexual abuse in the military, and 4,000 sought disability benefits, underscoring the staggering long-term impact of a crisis that...More >>
More than 85,000 veterans were treated last year for injuries or illness stemming from sexual abuse in the military, and 4,000 sought disability benefits, underscoring the staggering long-term impact of a crisis that has...More >>
Russian oligarchs foot most of 2014 Sochi Olympics
Russian oligarchs foot most of 2014 Sochi Olympics
The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of construction workers leave no doubt about who is paying...More >>
The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of construction workers leave no doubt about who is paying for the...More >>
China asks NKorea to release fishing boat, crew
China asks NKorea to release fishing boat, crew
China is urging North Korea to release a Chinese fishing boat whose owner says it was seized by gun-toting North Koreans earlier this month and held for ransom, in the latest irritant in relations between the...More >>
China is urging North Korea to release a Chinese fishing boat whose owner says it was seized by gun-toting North Koreans earlier this month and held for ransom, in the latest irritant in relations between the neighboring...More >>
'Trek' does $70.6M but falls short of studio hopes
'Trek' does $70.6M but falls short of studio hopes
"Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's...More >>
"Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.More >>
US gas prices up 11 cents over past 2 weeks
US gas prices up 11 cents over past 2 weeks
The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.More >>
The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.More >>
Consumer group flags high SPF ratings on sunscreen
Consumer group flags high SPF ratings on sunscreen
Sunbathers this summer will find new sunscreen labels that are designed to make the products more effective and easier to use.More >>
Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens...More >>
Jamie Dimon under pressure ahead of investor vote
Jamie Dimon under pressure ahead of investor vote
Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.More >>
Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.More >>
Jamie Dimon under pressure ahead of investor vote
Jamie Dimon under pressure ahead of investor vote
Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.More >>
Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.More >>
Chinese premier visits India to boost ties
Chinese premier visits India to boost ties
Just weeks after a tense border standoff, China's new premier headed to India on Sunday for his first foreign trip as the neighboring giants look to speed up efforts to settle a decades-old boundary dispute and...More >>
Just weeks after a tense border standoff, China's new premier visited India on Sunday on his first foreign trip as the neighboring giants look to speed up efforts to settle a decades-old boundary dispute and boost...More >>
Slim, broadcasters take fight to soccer field
Slim, broadcasters take fight to soccer field
Mexicans often feel that billionaire Carlos Slim owns everything in their country, from telephone and Internet companies to banks and chain stores, but his latest acquisitive foray is meeting resistance after...More >>
Mexicans often feel that billionaire Carlos Slim owns everything in their country, from telephone and Internet companies to banks and chain stores, but his latest acquisitive foray is meeting resistance after touching a...More >>
Obama agenda marches on despite controversies
Obama agenda marches on despite controversies
Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in...More >>
Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in Congress and...More >>
White House insists Obama was not involved in IRS
White House insists Obama was not involved in IRS
A senior White House adviser insists President Barack Obama learned the Internal Revenue Service had been targeting tea party groups "when it came out in the news."More >>
A top White House adviser insisted Sunday that President Barack Obama learned the Internal Revenue Service had targeted tea party groups only "when it came out in the news" while Republicans continued to press the...More >>
'Britain's Obama' urges ties with West Africa
'Britain's Obama' urges ties with West Africa
A British lawmaker widely viewed as a rising star in the Labour Party says the United Kingdom should more aggressively forge ties with West Africa's growing economies.More >>
A rising star in Britain's Labour Party, described by some as the "British Barack Obama," Chuka Umunna urged the United Kingdom to more aggressively forge ties with West Africa's fast-growing economies.More >>
Pope leads pep rally at Vatican, meets with Merkel
Pope leads pep rally at Vatican, meets with Merkel
German Chancellor Angela Merkel, mindful of the weight of Christian voters in September elections, has discussed with Pope Francis how Europe's economy should better serve people.More >>
Pope Francis lamented that investment losses by banks trigger more alarm in the economic crisis than the struggle of people to feed their families, as he led a huge rally Saturday to invigorate the church's moral...More >>
Union leads march in Rome calling for job creation
Union leads march in Rome calling for job creation
A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job creation.More >>
A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job creation.More >>
Politics, bribery charges swirl around Ugandan oil
Politics, bribery charges swirl around Ugandan oil
Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of...More >>
Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of a...More >>
Report: Yahoo nearing $1.1B acquisition of Tumblr
Report: Yahoo nearing $1.1B acquisition of Tumblr
Yahoo CEO Marissa Mayer is promising to unveil "something special" Monday in New York as she tries to attract more traffic and advertising to the Internet company.More >>
Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications.More >>
Caribbean talks conservation on Branson's island
Caribbean talks conservation on Branson's island
In a bid to safeguard biodiversity and the Caribbean's tourism-based economy, regional political leaders and corporate executives will gather Friday on billionaire Richard Branson's private island with the...More >>
Surrounded by a turquoise sea and a menagerie of exotic animals on a billionaire's private island, political and business leaders gathered Friday to back an initiative aimed at expanding protection for the...More >>
Energy Dept. backs Texas LNG export plan
Energy Dept. backs Texas LNG export plan
The Energy Department has given conditional approval to a Texas company that wants to export liquefied natural gas, the second LNG export project the Obama administration has approved as it faces a wave of export...More >>
The Energy Department on Friday conditionally approved a Texas company's proposal to export liquefied natural gas, only the second such project allowed to move forward amid a production boom that has led to glut of...More >>
Stocks rise on hopeful signs for the US economy
Stocks rise on hopeful signs for the US economy
Encouraging news about the U.S. economy helped push stock prices higher in early trading on Wall Street Friday.More >>
Encouraging news about the U.S. economy extended the stock market's rally Friday.More >>
CBO: Obama budget cuts deficits $1.1T by 2023
CBO: Obama budget cuts deficits $1.1T by 2023
Congress' nonpartisan budget analyst says President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade.More >>
President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress' nonpartisan...More >>
A year after IPO, Facebook aims to be ad colossus
A year after IPO, Facebook aims to be ad colossus
It was supposed to be our IPO, the people's public offering.More >>
It was supposed to be our IPO, the people's public offering.More >>
Pew survey questions Gen X, baby boomer savings
Pew survey questions Gen X, baby boomer savings
A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession.More >>
A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession.More >>
GM stock rises above $33 for first time in 2 years
GM stock rises above $33 for first time in 2 years
Shares of General Motors are trading above $33 for the first time in over two years.More >>
Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years.More >>
Argentine dictator Videla dies in prison at age 87
Argentine dictator Videla dies in prison at age 87
Former Argentine dictator Jorge Rafael Videla has died of natural causes while serving life sentences in prison for crimes against humanity.More >>
Former dictator Jorge Rafael Videla, who took power over Argentina in a 1976 coup and led a military junta that killed thousands of his fellow citizens in a dirty war to eliminate so-called "subversives," died quietly in his...More >>
Cyprus drops limits on 8 more foreign banks
Cyprus drops limits on 8 more foreign banks
Cyprus has eliminated limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country.More >>
Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country.More >>
On jobs trip, Obama tries to leave problems behind
On jobs trip, Obama tries to leave problems behind
President Barack Obama is leaving behind scandal-focused Washington to focus on the country's slowly improving jobs picture.More >>
President Barack Obama tried on Friday to leave behind the political battles that have overshadowed his second-term agenda, saying lawmakers should work on creating more middle-class jobs in the slowly growing economy. "Our...More >>
Mexico cuts growth outlook from 3.5 to 3.1 percent
Mexico cuts growth outlook from 3.5 to 3.1 percent
The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak.More >>
The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak.More >>
Brazil approves law to modernize ports
Brazil approves law to modernize ports
Brazil's Congress has approved legislation aimed at modernizing and expanding the country's overcrowded ports and attracting private investments in the sector.More >>
Brazil plans to modernize and expand its overcrowded ports, attract private investments to the sector and make it easier for companies to hire skilled foreign workers, in a bid to spur economic growth,More >>
Syrian hackers compromise FT blog, Twitter feeds
Syrian hackers compromise FT blog, Twitter feeds
The Financial Times says that several of its blogs and Twitter feeds have been compromised by hackers. The Syrian Electronic Army, a pro-government group which has repeatedly attacked Western media organizations, has...More >>
A clutch of Twitter accounts and a blog maintained by the Financial Times were hacked Friday, the latest in a series of cyberattacks claimed by the Syrian Electronic Army, a pro-government group which has regularly targeted...More >>
Glance: Europe's Key Institutions
Glance: Europe's Key Institutions
By The Associated Press Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis - and who should be involved.More >>
By The Associated Press Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis - and who should be involved.More >>
Correction: Drunken Driving-Zero Deaths story
Correction: Drunken Driving-Zero Deaths story
Drunken driving claims the lives of more than a third of the people killed each year on U.S highways, a level of carnage that that has remained stubbornly consistent for the past decade and a half.More >>
In a story May 17 about a National Transportation Safety Board recommendation on a blood alcohol threshold for drivers, The Associated Press incorrectly reported the definition of a drink. The standard definition of a drink...More >>
Retirement tests if Beckham built lasting brand
Retirement tests if Beckham built lasting brand
David Beckham's pecs are at least as much a part of his brand as his kick; his brand of shoes ultimately more lucrative than the game he's giving up. Listed as the world's highest-earning athlete for...More >>
David Beckham's pecs are at least as much a part of his brand as his kick; his brand of shoes ultimately more lucrative than the game he's giving up. Listed as the world's highest-earning athlete for 2013,...More >>
Greece faces slow, jobless recovery next year
Greece faces slow, jobless recovery next year
Greece's international lenders say the country's six-year recession is still likely to end in 2014, but unemployment will remain above 20 percent for another three years.More >>
Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said.More >>
Italian Cabinet passes first economic measures
Italian Cabinet passes first economic measures
Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and allocating funds to extend a short-term layoff scheme.More >>
Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and allocating funds to extend a short-term layoff scheme.More >>
Unemployment falls in 40 US states, rises in 3
Unemployment falls in 40 US states, rises in 3
Solid hiring helped push down unemployment rates in 40 U.S. states last month, the most since November. The declines show job markets are improving in most areas of the country.More >>
Solid hiring helped lower unemployment rates in 40 U.S. states last month, the most since November. The declines show the job market is improving throughout most of the country.More >>
Bloomberg appoints ex-IBM CEO as privacy adviser
Bloomberg appoints ex-IBM CEO as privacy adviser
Bloomberg LP, the financial news and information service, says it's appointing Samuel Palmisano, the former CEO of IBM, as an independent advisor on its privacy and data standards.More >>
Bloomberg LP, the financial news and information service, on Friday said it has appointed Samuel Palmisano, the former CEO of IBM, as an independent adviser on its privacy and data standards.More >>
Fitch downgrades Slovenia amid banking concerns
Fitch downgrades Slovenia amid banking concerns
Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system.More >>
Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system.More >>
World stocks strong into the weekend
World stocks strong into the weekend
Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S.More >>
World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue.More >>
Gauge of US economy's future health up in April
Gauge of US economy's future health up in April
A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.More >>
A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market.More >>
Rising consumer demands aids organic industry sway
Rising consumer demands aids organic industry sway
The organic food industry is gaining clout on Capitol Hill, prompted by rising consumer demand and its entry into traditional farm states. But that isn't going over well with everyone in Congress.More >>
The organic food industry is gaining influence on Capitol Hill, prompted by its entry into traditional farm states and by increasing consumer demand.More >>
Top officials call to overhaul euro institutions
Top officials call to overhaul euro institutions
Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis - and who should be involved.More >>
Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis - and who should be involved.More >>
Tableau Software soars in trading debut
Tableau Software soars in trading debut
Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.More >>
Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.More >>
EU to ban reusable olive oil bottles in eateries
EU to ban reusable olive oil bottles in eateries
The European Union wants to ban the refillable olive oil bottles that sit on so many restaurant tables across the continent.More >>
The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant tables across Europe. Now, the European Union is going to ban it.More >>
Hints of political change on horizon in Algeria
Hints of political change on horizon in Algeria
The Arab Spring may finally be en route to Algeria.More >>
The Arab Spring may finally be en route to Algeria.More >>
IMF says Cyprus at risk of even deeper recession
IMF says Cyprus at risk of even deeper recession
The International Monetary Fund says serious economic risks remain for Cyprus even after a big international bailout.More >>
The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default.More >>
Stocks edge higher in early trading on Wall Street
Stocks edge higher in early trading on Wall Street
Stocks are slightly higher in early trading on Wall Street, even as several big retailers slumped after reporting disappointing earnings.More >>
Stocks are slightly higher in early trading on Wall Street, even as several big retailers slumped after reporting disappointing earnings.More >>
Czech, US cooperate in developing new reactors
Czech, US cooperate in developing new reactors
The United States says it has completed a transfer of 75 kilograms (165 pounds) of salt coolant material to the Czech Republic as part of cooperation between the two countries in developing new nuclear reactors.More >>
The United States says it has completed a transfer of 75 kilograms (165 pounds) of salt coolant material to the Czech Republic as part of cooperation between the two countries in developing new nuclear reactors.More >>
4-month strike at PSA Peugeot Citroen plant ends
4-month strike at PSA Peugeot Citroen plant ends
A four-month strike at a car factory north of Paris has come to an end, although the workers say they will still fight a plan to close the plant.More >>
A four-month strike at a car factory north of Paris has come to an end, although the workers say they will still fight a plan to close the plant.More >>
Oil gains to near $96 as investors eye US economy
Oil gains to near $96 as investors eye US economy
The price of oil fell below $95 per barrel Friday after new signs of a choppy economic recovery in the U.S.More >>
By PABLO GORONDI Associated Press The price of oil rose to near $96 a barrel on Friday ahead of the release of Conference Board's index of leading indicators for the U.S. economy.More >>
Futures rebound ahead of Conference Board report
Futures rebound ahead of Conference Board report
U.S. stock futures are rising with markets headed for a positive week overall, as investors shrug off some unsettling reports from retailers this week.More >>
U.S. stock futures are rising with markets headed for a positive week overall, as investors shrug off some unsettling reports from retailers this week.More >>
European car sales up for first time since 2011
European car sales up for first time since 2011
The European auto industry may be showing the first signs of a slowdown in its sales free-fall, according to data from the European automaker's association.More >>
The European auto industry may be showing the first signs of a slowdown in its sales free-fall, according to data from the European automaker's association.More >>
Indian circuses struggle to adapt after court bans
Indian circuses struggle to adapt after court bans
In the early morning heat and dust, daily practice at the Rambo Circus is in full swing. A trapeze creaks as two performers perfect their throws. A Colombian daredevil shouts to his colleagues scrambling atop a giant...More >>
In the early morning heat and dust, daily practice at the Rambo Circus is in full swing. A trapeze creaks as two performers perfect their throws. A Colombian daredevil shouts to his colleagues scrambling atop a giant set of...More >>
Syria ex-minister leads rebuilding plan
Syria ex-minister leads rebuilding plan
A six-member U.N. team led by a former Syrian planning minister is drawing up a comprehensive postwar reconstruction plan even as the country's civil war rages on with no apparent end in sight.More >>
A six-member U.N. team led by a former Syrian planning minister is drawing up a comprehensive postwar reconstruction plan even as the country's civil war rages on with no apparent end in sight.More >>
Google challenger in Vietnam redirecting queries
Google challenger in Vietnam redirecting queries
A Russian-financed search engine in Vietnam is redirecting queries for some politically sensitive terms to Google, apparently as a way of avoiding government anger or legal liability for sending surfers to sites...More >>
A Russian-financed search engine seeking to challenge Google's dominance in Vietnam is redirecting queries for some politically sensitive terms to the American company's search engine, apparently as a way of avoiding...More >>
Asia stocks mixed as holidays thin trade
Asia stocks mixed as holidays thin trade
Asian stock markets were mixed Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. However, losses were limited by another record session on Wall Street.More >>
Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S.More >>
House bill protects homeland security budget
House bill protects homeland security budget
House Republicans have moved to protect the Department of Homeland Security from the big cuts facing other domestic agencies under the party's slashing budget plan.More >>
A Republican-controlled House panel moved Thursday to protect the Department of Homeland Security from the big cuts facing other domestic agencies under the party's budget slashing plan.More >>
Wal-Mart's 1Q profit, sales disappoint
Wal-Mart's 1Q profit, sales disappoint
Wal-Mart Stores Inc. is reporting a slim 1.1 percent increase in first-quarter profit as the world's largest retailer struggled with a sales slump in its namesake business.More >>
The first few months of the year were tough for Wal-Mart Stores Inc.More >>
J.C. Penney posts bigger 1Q loss than expected
J.C. Penney posts bigger 1Q loss than expected
J.C. Penney Co. is reporting a first-quarter big loss on a 16 percent revenue plunge as the chain continues to reel from the turnaround plan implemented by its former CEO Ron Johnson, who was ousted last month.More >>
The legacy of J.C. Penney's former CEO is being felt at the department-store chain.More >>
Interior issues new drilling rule on public land
Interior issues new drilling rule on public land
The Obama administration is proposing a rule that would require companies that drill for oil and natural gas on federal lands to publicly disclose chemicals used in hydraulic fracturing operations. The new "fracking"...More >>
Companies that drill for oil and natural gas on federal lands will be required to disclose publicly the chemicals used in hydraulic fracturing operations, the Obama administration said Thursday. The new "fracking" rule...More >>
Dell's dismal 1Q illuminates PC maker's challenges
Dell's dismal 1Q illuminates PC maker's challenges
Dell's first-quarter earnings plunged 79 percent as the shift to smartphones and tablets reduced demand for the company's personal computers.More >>
Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets.More >>
Ticketmaster settles rewards lawsuit for $23M
Ticketmaster settles rewards lawsuit for $23M
Ticketmaster has agreed to settle claims for up to $23 million over a lawsuit affecting more than a million people who, after buying a ticket online, were enrolled in a rewards program that cost $9 a month but never...More >>
Ticketmaster has agreed to settle claims for up to $23 million over a lawsuit affecting more than a million people who, after buying a ticket online, were enrolled in a rewards program that cost $9 a month but never gave...More >>
A late fade on Wall Street; Wal-Mart, Disney slump
A late fade on Wall Street; Wal-Mart, Disney slump
Wal-Mart led the Dow Jones industrial average lower early Thursday after the world's largest retailer turned in weaker sales and a dim forecast for profits.More >>
Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday.More >>
US rate on 30-year mortgage rises to 3.51 pct.
US rate on 30-year mortgage rises to 3.51 pct.
Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing.More >>
Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing.More >>
CFTC adopts weakened rule on derivatives trading
CFTC adopts weakened rule on derivatives trading
A rule intended to loosen the largest U.S. banks' control over the trading of complex investments and help safeguard the financial system was weakened Thursday by regulators.More >>
A rule intended to loosen the largest U.S. banks' control over the trading of complex investments and help safeguard the financial system was weakened Thursday by regulators.More >>
Second court invalidates Obama recess appointment
Second court invalidates Obama recess appointment
A second federal appeals court has ruled that President Barack Obama exceeded his power in making a recess appointment to the National Labor Relations Board.More >>
A second federal appeals court has found that President Barack Obama exceeded his power when he bypassed the Senate to install a member to the National Labor Relations Board.More >>
Canada PM on pipeline plan: Oil to come anyway
Canada PM on pipeline plan: Oil to come anyway
Canada's prime minister said Thursday that a controversial oil pipeline from his country to the U.S. Gulf Coast "absolutely needs to go ahead" and warned that the oil will be transported through America one way...More >>
A controversial oil pipeline to the U.S. Gulf Coast "absolutely needs to go ahead," Canada's prime minister said Thursday, and he warned that the oil will be transported through America one way or another.More >>
Venezuelans scrambling to find scarce toilet paper
Venezuelans scrambling to find scarce toilet paper
First milk, butter, coffee and cornmeal ran short. Now Venezuela is running out of the most basic of necessities - toilet paper.More >>
Venezuelans scrambled to stock up on toilet paper Thursday as fears of a bathroom emergency spread despite the socialist government's promise to import 50 million rolls.More >>
Only 2 of 13 small SUVs do well in crash tests
Only 2 of 13 small SUVs do well in crash tests
Only two of 13 small SUVs are getting passing grades in front-end crash tests done by an insurance industry group.More >>
Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group, with several popular models faring poorly in the evaluations.More >>
A late fade on Wall Street; Wal-Mart, Disney slump
A late fade on Wall Street; Wal-Mart, Disney slump
Weak sales from Wal-Mart and discouraging economic reports resulted in a down day on the stock market.More >>
Weak sales from Wal-Mart and discouraging economic reports resulted in a down day on the stock market.More >>
Senate confirms physicist Moniz as energy chief
Senate confirms physicist Moniz as energy chief
The Senate has begun debate on President Barack Obama's nomination of physicist Ernest Moniz to lead the Energy Department.More >>
Physicist Ernest Moniz won unanimous Senate confirmation Thursday to be the nation's new energy secretary.More >>
Puerto Rico faces lowest coffee production ever
Puerto Rico faces lowest coffee production ever
Coffee production in Puerto Rico has hit the lowest level ever in the island's history, leaving farmers and government officials worried about how to revive a once burgeoning industry amid a deep economic crisis.More >>
Coffee production in Puerto Rico has hit the lowest level ever in the island's history, leaving farmers and government officials worried about how to revive a once burgeoning industry amid a deep economic crisis.More >>
Airlines losses narrowed in 1Q to $552 million
Airlines losses narrowed in 1Q to $552 million
U.S. airlines say they improved their financial performance in the first quarter, although they still lost money in what is traditionally the year's toughest travel period.More >>
U.S. airlines charged more in fares and fees and reduced debt as they improved their financial performance in the first quarter.More >>
Oil reverses early losses, tops $95 a barrel
Oil reverses early losses, tops $95 a barrel
Oil followed a familiar pattern Thursday, moving higher despite some less-than-stellar economic reports.More >>
Oil followed a familiar pattern Thursday, moving higher despite some less-than-stellar economic reports.More >>
Puerto Rico faces lowest coffee production ever
Puerto Rico faces lowest coffee production ever
Coffee production in Puerto Rico has hit the lowest level ever in the island's history, leaving farmers and government officials worried about how to revive a once burgeoning industry.More >>
Coffee production in Puerto Rico has hit the lowest level ever in the island's history, leaving farmers and government officials worried about how to revive a once burgeoning industry.More >>
Turkish PM talks Syria with Obama at White House
Turkish PM talks Syria with Obama at White House
President Barack Obama says the U.S. and Turkey will keep ramping up pressure to oust Syrian President Bashar Assad from power.More >>
President Barack Obama said Thursday that the U.S. and Turkey will keep ramping up pressure to oust Syrian President Bashar Assad from power, but there's "no magic formula" to stop his violence.More >>
Senate panel considers labor board nominees
Senate panel considers labor board nominees
The Obama administration wants quick confirmation of five nominees to fill seats on the National Labor Relations Board, which has been mired for months in a controversy over recess appointments.More >>
Senate Republicans said Thursday they would not support five nominees to the National Labor Relations Board, raising the possibility the troubled agency could be rendered mostly inoperable later this year.More >>
Sector Snap: Makers of computer networking gear
Sector Snap: Makers of computer networking gear
Investors snapped up the stocks of companies that make computer networking gear Thursday after industry leader Cisco Systems Inc.'s latest quarterly earnings raised hope that business is picking up after a long...More >>
Investors snapped up the stocks of companies that make computer networking gear Thursday after industry leader Cisco Systems Inc.'s latest quarterly earnings raised hope that business is picking up after a long stretch...More >>
Deep divide in Congress over domestic food aid
Deep divide in Congress over domestic food aid
The House and Senate Agriculture Committees have laid the groundwork this week for reducing the size of the federal food stamp program, approving farm bills that would shrink the food aid and alter the way people...More >>
The House and Senate Agriculture Committees laid the groundwork this week for reducing the size of the federal food stamp program, approving farm bills that would shrink food aid and alter the way people qualify for it.More >>
Merkel, Hollande at odds over Europe's way forward
Merkel, Hollande at odds over Europe's way forward
German Chancellor Angela Merkel said European countries must agree on how to generate sorely needed economic growth, and stressed it was important that France pursue reforms to become more competitive.More >>
Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of the continent's No. 1 and 2 economies suggested they still have...More >>
Trump goes to court to oppose Scotland wind farm
Trump goes to court to oppose Scotland wind farm
American tycoon Donald Trump is taking legal action to challenge the Scottish government's decision to approve an offshore wind farm near his luxury golf resort.More >>
American tycoon Donald Trump is taking legal action to challenge the Scottish government's decision to approve an offshore wind farm near his luxury golf resort.More >>
INFLUENCE GAME: Tech, labor spar on immigration
INFLUENCE GAME: Tech, labor spar on immigration
To the U.S. technology industry, there's a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business. To unions and some Democrats, it's more...More >>
To the U.S. technology industry, there's a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business. To unions and some Democrats, it's more sinister:...More >>
Greek strikes halt air travel
Greek strikes halt air travel
Flights in Greece have been halted for four hours as the country's two largest labor unions staged work stoppages to protest austerity measures and the government decision to cancel a teachers' strike.More >>
Flights in Greece were halted for four hours Thursday as the country's two largest labor unions staged work stoppages to protest austerity measures and a government decision to cancel a teachers' strike.More >>
Global luxury goods sales slowing
Global luxury goods sales slowing
A study says global sales of luxury goods are off to a slow start in 2013 and aren't expected to match the double-digit growth of the last three years.More >>
Global sales of luxury goods are off to a slow start in 2013 and aren't expected to match the double-digit growth of the last three years, consultancy Bain & Co. said in a study released Thursday.More >>
Pope blasts "cult of money" that tyrannizes poor
Pope blasts "cult of money" that tyrannizes poor
Pope Francis has denounced the global financial system, blasting the "cult of money" that he says is tyrannizing the poor and turning humans into expendable consumer goods.More >>
Pope Francis has denounced the global financial system, blasting the "cult of money" that he says is tyrannizing the poor and turning humans into expendable consumer goods.More >>
Lawmakers accuse Google of dishonesty over taxes
Lawmakers accuse Google of dishonesty over taxes
A senior Google executive defended his company's complicated structure before Britain's Parliament, denying charges that it was misleading authorities to dodge paying tax.More >>
U.K. lawmakers subjected search giant Google to blistering criticism Thursday, accusing the U.S. Internet company of playing games with Britain's tax rules to avoid paying what it owed.More >>
Cisco leads the Dow higher after earnings beat
Cisco leads the Dow higher after earnings beat
Indexes are slightly higher at midday on Wall Street, pushing the stock market further into record territory.More >>
Indexes are slightly higher at midday on Wall Street, pushing the stock market further into record territory.More >>
Apple says App Store hit 50 billion downloads
Apple says App Store hit 50 billion downloads
Apple says its customers have downloaded more than 50 billon applications from its App Store since its launch in 2008.More >>
Apple says its customers have downloaded more than 50 billon applications from its App Store since its launch in 2008.More >>
RBS to cut another 1,400 retail bank jobs in UK
RBS to cut another 1,400 retail bank jobs in UK
Royal Bank of Scotland says it is cutting 1,400 jobs from its retail banking operations over the next two years.More >>
Royal Bank of Scotland says it is cutting 1,400 jobs from its retail banking operations over the next two years.More >>
UK officials: BP not seeking gov't help with spill
UK officials: BP not seeking gov't help with spill
BP is seeking to stop paying millions of dollars in what it calls spurious compensation claims stemming from the catastrophic 2010 oil spill in the Gulf of Mexico.More >>
British government officials said Thursday that BP has not sought Prime Minister David Cameron's help in reducing compensation claims for its role in the disastrous 2010 oil spill in the Gulf of Mexico.More >>
Weak open on Wall Street; Wal-Mart disappoints
Weak open on Wall Street; Wal-Mart disappoints
Stocks are opening slightly lower on Wall Street a day after the market hit its latest record high.More >>
Stocks are opening slightly lower on Wall Street a day after the market hit its latest record high.More >>
Argentina brokers 24 pct wage hikes for millions
Argentina brokers 24 pct wage hikes for millions
Two million Argentines will get wage hikes of 24 percent under a deal President Cristina Fernandez brokered with six allied labor unions.More >>
Two million Argentines will get wage hikes of 24 percent under a deal President Cristina Fernandez brokered with six allied labor unions.More >>
Senate panel backs Perez to head Labor Dept.
Senate panel backs Perez to head Labor Dept.
A Senate panel has endorsed the nomination of Justice Department official Thomas Perez to head the Labor Department despite opposition from Republicans.More >>
A Senate panel has endorsed the nomination of Justice Department official Thomas Perez to head the Labor Department despite opposition from Republicans.More >>
US consumer prices fall 0.4 pct. on cheaper gas
US consumer prices fall 0.4 pct. on cheaper gas
A sharp fall in the cost of gas drove a measure of U.S. consumer prices down last month by the most since December 2008. Outside the drop in fuel costs, prices were largely unchanged.More >>
A plunge in the cost of gas drove down a measure of U.S. consumer prices last month by the most since December 2008. Excluding the drop in fuel costs, prices were largely unchanged.More >>
US consumer prices fall 0.4 pct. on cheaper gas
US consumer prices fall 0.4 pct. on cheaper gas
A plunge in the cost of gas drove down a measure of U.S. consumer prices last month by the most since December 2008. Excluding the drop in fuel costs, prices were largely unchanged.More >>
A plunge in the cost of gas drove down a measure of U.S. consumer prices last month by the most since December 2008. Excluding the drop in fuel costs, prices were largely unchanged.More >>
US jobless claims jump to highest level in 6 weeks
US jobless claims jump to highest level in 6 weeks
The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low.More >>
The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low.More >>
US housing starts fell in April but permits surged
US housing starts fell in April but permits surged
U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from...More >>
U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to...More >>
Futures fluctuate on mixed signals from retail
Futures fluctuate on mixed signals from retail
U.S. stock futures are moving higher with retailers sending mixed signals about consumer spending.More >>
U.S. stock futures fluctuated Thursday on a bevy of economic data that sent mixed signals about hiring, construction, jobs and the mindset of the American consumer.More >>
US jobless claims jump to highest level in 6 weeks
US jobless claims jump to highest level in 6 weeks
The number of Americans seeking unemployment aid rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump comes after applications fell to a five-year low.More >>
The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low.More >>
US housing starts fell in April but permits surged
US housing starts fell in April but permits surged
U.S. builders broke ground on far fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But applications for new construction rose to a five-year peak, evidence that the...More >>
U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to...More >>
Cambodian shoe factory collapse kills 2, injures 7
Cambodian shoe factory collapse kills 2, injures 7
Part of a shoe factory in Cambodia collapsed while several dozen workers were inside the building early Thursday, and police say two bodies have been pulled out of the wreckage.More >>
The ceiling of a Cambodian factory that makes Asics sneakers collapsed on workers early Thursday, killing two people and injuring seven, in the latest accident spotlighting the often lethal safety conditions faced by those...More >>
Oil falls below $94 a barrel amid high supplies
Oil falls below $94 a barrel amid high supplies
The price of oil fell below $94 a barrel Thursday after a survey showed crude inventories on the increase.More >>
By PABLO GORONDI Associated Press The price of oil slipped below $94 a barrel Thursday as traders digested discouraging economic data from the United States and Europe and U.S. oil supplies remained high.More >>
Vietnam provider drops foreign news TV channels
Vietnam provider drops foreign news TV channels
At least one Vietnamese satellite TV company stopped airing international channels including BBC and CNN on Thursday, citing a law that foreign governments have warned would result in international news and...More >>
A Vietnamese satellite TV company stopped airing international channels including BBC and CNN on Thursday, citing a law that foreign governments have warned would result in international news and entertainment channels...More >>
UK campaign group loses challenge on tax deal
UK campaign group loses challenge on tax deal
A U.K. pressure group has lost its legal challenge to what it called a "sweetheart" tax deal between U.K. authorities and Goldman Sachs.More >>
A U.K. pressure group Thursday lost its legal challenge to what it called a "sweetheart" tax deal between U.K. authorities and Goldman Sachs.More >>
Japanese economy grew at 3.5 percent pace in 1Q
Japanese economy grew at 3.5 percent pace in 1Q
Japan's economy saw a stronger than expected recovery last quarter, growing at a 3.5 percent annual pace as the government stepped up public works spending and eased credit to encourage investment.More >>
Japan's economy grew by a stronger-than-expected 3.5 percent in annual terms last quarter, giving Prime Minister Shinzo Abe a boost as his government tackles reforms needed to ensure a sustained recovery from two decades...More >>
Polish exports of meat for Jews, Muslims in limbo
Polish exports of meat for Jews, Muslims in limbo
For some, it was a barbaric way to treat animals. For others, it was great business.More >>
For some, it was a barbaric way to treat animals. For others, it was great business.More >>
New Zealand's top court takes Kim Dotcom appeal
New Zealand's top court takes Kim Dotcom appeal
New Zealand's highest court has agreed to hear an appeal by Megaupload founder Kim Dotcom and three colleagues as they seek to avoid extradition to the United States.More >>
New Zealand's highest court ruled Thursday that it will hear an appeal by Megaupload founder Kim Dotcom and three colleagues as they seek to avoid extradition to the United States.More >>
Slower Chinese growth adds to pressure on leaders
Slower Chinese growth adds to pressure on leaders
Global economic malaise has knocked the stuffing out of Luo Yan's business making toy animals.More >>
Global economic malaise has knocked the stuffing out of Luo Yan's business making toy animals.More >>
House panel OKs farm bill with food stamp cuts
House panel OKs farm bill with food stamp cuts
The House Agriculture Committee is set to consider small cuts to the $80 billion-a-year food stamp program in an effort to appease conservatives who say the food aid has become too expensive.More >>
The House Agriculture Committee on Wednesday approved a sweeping farm bill that would trim the $80 billion-a-year food stamp program.More >>
New Zealand to sell stake in 2nd power company
New Zealand to sell stake in 2nd power company
New Zealand will sell a minority stake in a second power company this year as part of a plan to balance its books.More >>
New Zealand will sell a minority stake in a second power company this year as part of a plan to balance its books.More >>
Asia stocks mixed as Wall St. ignores euro gloom
Asia stocks mixed as Wall St. ignores euro gloom
Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday.More >>
Asian stock markets were mixed Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. However, losses were limited by another record session on Wall Street.More >>
Google's products dig deeper into people's lives
Google's products dig deeper into people's lives
Google is expected to use its annual software developers' conference to showcase the latest mobile devices running on its Android software, while also unveiling other features in its evolving product line-up.More >>
For Google CEO Larry Page, happiness is a warm computer.More >>
Trade group slams safety pact for Bangladesh
Trade group slams safety pact for Bangladesh
The largest U.S. retail-industry group on Wednesday criticized an international pact aimed at improving factory conditions in Bangladesh's garment industry, saying it was a "one-size-fits-all" approach promoted...More >>
The largest U.S. retail-industry group on Wednesday criticized an international pact aimed at improving factory conditions in Bangladesh's garment industry, saying it was a "one-size-fits-all" approach promoted by...More >>
JPMorgan asks Bloomberg for privacy breach data
JPMorgan asks Bloomberg for privacy breach data
Lawyers for JPMorgan Chase & Co. are asking financial news and data company Bloomberg LP to turn over any records it has of reporters looking up the log-in and usage data of JPMorgan employees since 2008, as it...More >>
Lawyers for JPMorgan Chase & Co. are asking financial news and data company Bloomberg LP to turn over any records it has of reporters looking up the log-in and usage data of JPMorgan employees.More >>
IRS commissioner ousted over tea party targeting
IRS commissioner ousted over tea party targeting
The Justice Department is opening a criminal investigation of the Internal Revenue Service just as another probe concludes that lax management enabled agents to improperly target tea party groups for extra scrutiny...More >>
Hurrying to check a growing controversy, President Barack Obama ousted the acting commissioner of the Internal Revenue Service late Wednesday amid an outcry over revelations that the agency had improperly targeted tea party...More >>
Google unveils maps, photo, music features
Google unveils maps, photo, music features
Google's sixth annual conference for software developers opens Wednesday with a chance for the company to showcase the latest mobile devices running its Android software, while also unveiling other features in...More >>
Google's sixth annual conference for software developers opened Wednesday with a chance for the company to showcase its latest services. Announcements included new features for online games, maps and search, a new...More >>
Google boosts photo offerings to rival Facebook
Google boosts photo offerings to rival Facebook
Google is digging deeper into its technology toolkit to turn its social networking service into a more formidable threat to Facebook, sprucing up its photo features at a time when sharing snapshots online and on...More >>
Google is digging deeper into its technology toolkit to turn its social networking service into a more formidable threat to Facebook, sprucing up its photo features at a time when sharing snapshots online and on mobile...More >>
Obama: IRS acting commissioner being ousted
Obama: IRS acting commissioner being ousted
The White House says President Barack Obama will meet with Treasury officials Wednesday to discuss the Internal Revenue Service's targeting of conservative groups for special review. White House press secretary...More >>
President Barack Obama on Wednesday announced the ouster of the top official at the Internal Revenue Service following disclosures that the agency targeted conservative political groups.More >>
Donald Trump completes testimony in Chicago trial
Donald Trump completes testimony in Chicago trial
A Chicago federal judge is scolding Donald Trump and an attorney questioning the developer-turned-TV personality to stop their verbal "boxing match."More >>
A scowling Donald Trump raised his voice on the witness stand Wednesday while an attorney grilled him and then rolled his eyes at the "Apprentice" star's answers, prompting a federal judge to scold both men in open court...More >>
Macy's 1Q profit rises 20 pct on solid sales
Macy's 1Q profit rises 20 pct on solid sales
Macy's Inc. is reporting a 20 percent increase in first-quarter profit as the department store chain saw solid sales despite cool temperatures that dampened shoppers' appetite for spring clothes.More >>
Macy's Inc. reported a 20 percent increase in first-quarter profit even though cool temperatures and economic worries dampened some of its shoppers' spending on spring clothes.More >>
Deere cuts 2013 sales growth guidance
Deere cuts 2013 sales growth guidance
Deere & Co. says its second-quarter net income rose almost 3 percent as it raised prices and the farm economy continued to be strong.More >>
Deere & Co. said on Wednesday that bad weather and weak economies will hinder sales growth this year for lawnmowers and construction equipment.More >>
Stocks climb as traders shrug off economic reports
Stocks climb as traders shrug off economic reports
A report of slowing manufacturing is getting the stock market off to weak start Wednesday.More >>
Investors nudged the stock market to all-time highs Wednesday despite a handful of disappointing economic reports.More >>
Google's music plan part of fresh wave of upgrades
Google's music plan part of fresh wave of upgrades
Google is unveiling a streaming music service called All Access that blends songs users have already uploaded to their online libraries with millions of other tracks for a $10 monthly fee.More >>
Google Inc. unveiled a streaming music service called All Access that blends songs users have already uploaded to their online libraries with millions of other tracks. Google made it available in the U.S. Wednesday for $8 a...More >>
Protesters close Libyan oil terminal, halt exports
Protesters close Libyan oil terminal, halt exports
A Libyan oil ministry official says protesters have forced the closure of an oil terminal in the east of the country for the second time in six months, disrupting exports.More >>
Protesters and disgruntled job seekers forced the closure of an eastern Libyan oil terminal on Wednesday for the second time in six months, disrupting exports, said an oil ministry official.More >>
Cisco 3Q net income rises 14 percent
Cisco 3Q net income rises 14 percent
Cisco says its net income rose 14 percent in the latest quarter, and says it is seeing "some good signs" in the U.S. and other markets.More >>
Cisco's net income jumped 14 percent in the latest quarter as revenue at all four of its divisions rose for the first time in a year and a half.More >>
Family drama adds intrigue to Ill. governor's race
Family drama adds intrigue to Ill. governor's race
Politics has long been a family business in Illinois, a place where who you know - and who you're related to - matters more than most. But the family drama shaping up around the next governor's race adds a...More >>
Politics has long been a family business in Illinois, a place where who you know - and who you're related to - matters more than most. But the family drama shaping up around the next governor's race adds a new layer...More >>
Stock indexes shake off early slide, close higher
Stock indexes shake off early slide, close higher
The stock market is closing higher after shaking off a morning slump.More >>
The stock market is closing higher after shaking off a morning slump.More >>
House panel boosts veterans spending
House panel boosts veterans spending
With no broader budget deal in sight, a key House panel responsible for implementing sweeping cuts to agency budgets moved Wednesday to exempt veterans and largely protect spending on border safety and other...More >>
With no broader budget deal in sight, a key House panel responsible for implementing sweeping cuts to agency budgets moved Wednesday to exempt veterans and largely protect spending on border safety and other homeland...More >>
Longer US white majority if immigration slows
Longer US white majority if immigration slows
The government's official prediction is that white children will become a minority in 2018 and the overall white population in the U.S. will follow suit in 2043.More >>
Without increased immigration, whites would lose their U.S. majority in 2046, three years beyond official projections, and the nation's population would not reach 400 million until after 2060, a decade or more later than...More >>
Eurozone recession is now longest in currency bloc
Eurozone recession is now longest in currency bloc
Official figures show that the recession across the economy of the 17 European Union countries that use the euro has extended into a sixth quarter.More >>
The eurozone is now in its longest ever recession - a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009.More >>
Oil back above $94 a barrel after early loss
Oil back above $94 a barrel after early loss
The price of oil rose back above $94 Wednesday after dropping earlier on disappointing economic reports from Europe and the U.S.More >>
The price of oil rose back above $94 Wednesday after dropping earlier on disappointing economic reports from Europe and the U.S.More >>
Retiring boomers driving sales of small businesses
Retiring boomers driving sales of small businesses
Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions.More >>
Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions.More >>
Holder: Potential civil rights violations at IRS
Holder: Potential civil rights violations at IRS
Attorney General Eric Holder says the FBI's criminal investigation of the Internal Revenue Service could include potential civil rights violations, false statements and potential violations of the Hatch Act,...More >>
Attorney General Eric Holder says the FBI's criminal investigation of the Internal Revenue Service could include potential civil rights violations, false statements and potential violations of the Hatch Act, which...More >>

Top Business Headlines From the New York Times

Business & economy news - KLTV.com-Tyler, Longview, Jacksonville, Texas | ETX News

Business News

HeadlinesMore>>